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Announcement of Merger Between JATCO and Diamondmatic

JATCO Ltd and Diamondmatic Co., Ltd. decided merging on April 1, 2003 as follows. It is adopted by the board of directors of the both companies which held on January 30, 2003.

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JATCO's new belt-type CVT is built on Nissan's "Murano",

JATCO's new belt-type CVT for large front-wheel drive vehicles is built on Nissan's "Murano", new large size, first-class SUV (Sports Utility Vehicle) launched at the end of 2002 for the North-Ameria market. JATCO became the first in the world to successfully develop and mass produce belt-type CVT for 3.5-liter-class Engines. For structural reason, it is supposed to be difficult to create belt-type CVT for large displacement cars. But, this CVT handles the large torque from 3.5-liter Engine through our accumulated technological capability and research and development.

JATCO and Fuji Heavy Industries Form a Joint Venture Company to Develop and Produce CVT (Continuously Variable Transmissions)

January 15, 2003 - JATCO Ltd today announced jointly with Fuji Heavy Industries Ltd., the establishment of a new joint venture company, Fuji AT Ltd.

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